Not only would the HERO Act expand secondary education to millions of Americans who are currently underserved, it would also help stabilize and decrease our nation’s skyrocketing education costs — outstanding student debt is now over $1 trillion. Our reform would begin to break the vicious cycle of ever-increasing government subsidies chasing ever-increasing tuition rates.
It is important to note that our proposed reforms do not jeopardize the federal accreditation system already in place, but instead recognize that individual states are equally able to identify where the current system is failing students and then accredit programs that will fill this void.
The current cartel of higher education has locked out non-traditional students and driven costs ever higher. By opening up our nation’s higher-education system to competitively priced alternative programs, traditional institutions would have to reexamine the pricing schemes that have led to the explosion of student-loan debt.
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